CRL Stock Analysis: Carel Industries S.p.A | MI
Electronic Components | MI, Italy | Market Cap: 2.998m EUR | 12M Return: 10.3% | IT0005331019 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.82M
EPS Trend: 14.0%
Qual. Beats: 1
Rev. Trend: 22.1%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Carel Industries S.p.A. (CRL) designs, manufactures, and distributes control and humidification solutions across Europe, the Middle East, Africa, North America, South America, and Asia Pacific. Its product range spans programmable controls, terminals, electronic expansion valves, sensors, steam and adiabatic humidifiers, reverse osmosis water treatment systems, IoT digital services, remote management and monitoring platforms, speed controllers/inverters, and electrical panels, with complementary technical support, digital, field, and spare parts services. The company serves the HVAC market (residential, industrial, and commercial segments) and the refrigeration market (food retail and food service segments). Founded in 1973, Carel is headquartered in Brugine, Italy.
Carel operates primarily as a B2B supplier of components and subsystems to OEMs, system integrators, and installers in the HVAC/R industry, with the bulk of its revenue historically tied to air-conditioning and refrigeration applications. Demand for its products is closely linked to global trends in energy-efficiency regulation, the phase-down of high-GWP refrigerants, and the growing adoption of connected, IoT-enabled building and refrigeration equipment.
- EU F-Gas and heat pump regulations accelerate HVAC control orders
- Data center cooling demand lifts specialized controls revenue
- Refrigeration margins pressured by component costs and competition
| Net Income: 73.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 4.42 > 1.0 |
| NWC/Revenue: 23.54% < 20% (prev 19.99%; Δ 3.55% < -1%) |
| CFO/TA 0.28 > 3% & CFO 253.3m > Net Income 73.8m |
| Net Debt (-80.9m) to EBITDA (124.1m): -0.65 < 3 |
| Current Ratio: 1.60 > 1.5 & < 3 |
| Outstanding Shares: last quarter (112.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 46.74% > 18% (prev 36.09%; Δ 10.65% > 0.5%) |
| Asset Turnover: 72.29% > 50% (prev 72.36%; Δ -0.07% > 0%) |
| Interest Coverage Ratio: 11.49 > 6 (EBIT TTM 82.0m / Interest Expense TTM 7.13m) |
| A: 0.16 (Total Current Assets 396.2m - Total Current Liabilities 248.2m) / Total Assets 899.6m |
| B: 0.30 (Retained Earnings 268.2m / Total Assets 899.6m) |
| C: 0.09 (EBIT TTM 82.0m / Avg Total Assets 870.2m) |
| D: 1.31 (Book Value of Equity 506.8m / Total Liabilities 387.0m) |
| Altman-Z'' = 4.06 = AA |
| DSRI: 1.25 (Receivables 141.4m/109.5m, Revenue 629.0m/608.3m) |
| GMI: 0.77 (GM 36.09% / 46.74%) |
| AQI: 0.92 (AQ_t 0.43 / AQ_t-1 0.47) |
| SGI: 1.03 (Revenue 629.0m / 608.3m) |
| TATA: -0.20 (NI 73.8m - CFO 253.3m) / TA 899.6m) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of August 25, 2026, the stock is trading at EUR 27.00 with a total of 83,818 shares traded. Over the past week, the price has changed by -0.18%, over one month by -0.37%, over three months by -14.00% and over the past year by +10.25%.
Current recommended Stop Loss: 24.80 (which is 8.1% or 2.5 ATR below the current price).
Carel Industries S.p.A has no consensus analysts rating.
P/E Trailing = 32.5
P/S = 4.3262
P/B = 6.0037
Revenue TTM = 629.0m EUR
EBIT TTM = 82.0m EUR
EBITDA TTM = 124.1m EUR
Long Term Debt = 77.4m EUR (from longTermDebt, last quarter)
Short Term Debt = 9.94m EUR (from shortLongTermDebt, last quarter)
Debt = 30.9m EUR (Leases only: 30.9m)
Net Debt = -80.9m EUR (calculated: Debt 30.9m - CCE 111.8m)
Enterprise Value = 2.92b EUR (3.00b + Debt 30.9m - CCE 111.8m)
Interest Coverage Ratio = 11.49 (Ebit TTM 82.0m / Interest Expense TTM 7.13m)
EV/FCF = 29.96x (Enterprise Value 2.92b / FCF TTM 97.4m)
FCF Yield = 3.34% (FCF TTM 97.4m / Enterprise Value 2.92b)
FCF Margin = 15.48% (FCF TTM 97.4m / Revenue TTM 629.0m)
Net Margin = 11.74% (Net Income TTM 73.8m / Revenue TTM 629.0m)
Gross Margin = 46.74% ((Revenue TTM 629.0m - Cost of Revenue TTM 335.1m) / Revenue TTM)
Gross Margin QoQ = 45.51% (prev 47.59%)
Tobins Q-Ratio = 3.24 (Enterprise Value 2.92b / Total Assets 899.6m)
Interest Expense / Debt = 23.10% (Interest Expense 7.13m / Debt 30.9m)
Taxrate = 22.54% (21.5m / 95.4m)
NOPAT = 63.5m (EBIT 82.0m * (1 - 22.54%))
Current Ratio = 1.60 (Total Current Assets 396.2m / Total Current Liabilities 248.2m)
Debt / Equity = 0.06 (Debt 30.9m / totalStockholderEquity, last quarter 506.8m)
Debt / EBITDA = -0.65 (Net Debt -80.9m / EBITDA 124.1m)
Debt / FCF = -0.83 (Net Debt -80.9m / FCF TTM 97.4m)
Total Stockholder Equity = 464.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.49% (Net Income 73.8m / Total Assets 899.6m)
RoE = 15.89% (Net Income TTM 73.8m / Total Stockholder Equity 464.7m)
RoCE = 15.12% (EBIT 82.0m / Capital Employed (Equity 464.7m + L.T.Debt 77.4m))
RoIC = 10.24% (NOPAT 63.5m / Invested Capital 620.2m)
WACC = 8.67% (E(3.00b)/V(3.03b) * Re(8.57%) + D(30.9m)/V(3.03b) * Rd(23.10%) * (1-Tc(0.23)))
Discount Rate = 8.57% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 77.78 | Cagr: 2.95%
[DCF] Terminal Value 76.96% ; FCFF base≈79.9m ; Y1≈91.6m ; Y5≈134.8m
[DCF] Fair Price = 17.81 (EV 1.92b - Net Debt -80.9m = Equity 2.00b / Shares 112.5m; r=8.67% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 13.96 | EPS CAGR: 2.58% | SUE: 0.96 | # QB: 1
Revenue Correlation: 22.09 | Revenue CAGR: 1.21% | SUE: 2.40 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.21 | Chg30d=+16.67% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.83 | Chg30d=+16.24% | Revisions=+57% | GrowthEPS=+27.8% | GrowthRev=+19.0%
EPS next Year (2027-12-31): EPS=0.87 | Chg30d=+9.23% | Revisions=+50% | GrowthEPS=+8.6% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: +73% (up=8, down=0)